Palermo Enrico Liberato 4
4 · Virgin Galactic Holdings, Inc · Filed Jan 15, 2020
Insider Transaction Report
Form 4
Palermo Enrico Liberato
Former COO & Pres., TSC, LLC
Transactions
- Award
Common Stock
[F1]2020-01-13+55,000→ 194,175 total - Award
Stock Option
[F2]2020-01-13+145,828→ 145,828 totalExercise: $13.70→ Common Stock (145,828 underlying)
Footnotes (2)
- [F1]Represents an award of restricted stock units, which vests with respect to 25% of the restricted stock units on January 13, 2021, and as to the remaining restricted stock units in 36 equal monthly installments thereafter, subject to the executive's continued service. The restricted stock units will be settled in shares of the Issuer's common stock upon vesting.
- [F2]The stock option will vest as to 25% of the shares on January 13, 2021 and as to the remaining shares in 36 equal monthly installments thereafter.
Signature
/s/ Michelle Kley, Attorney-in-fact|2020-01-15